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is no reason to tax corporate profits at a double doubly they're taxed once at the corporate level and then they are also taxed again when the corporate shareholders receive their dividends and so everybody acknowledges that this is every economist acknowledges that this is a very inefficient system and it's the first thing we should do to improve. economic growth is to get rid of this however politically it's just a nonstarter and so what we're trying to do is trying to think of ways given the fact that we politically are never going to get rid of the corporate tax how can we make it fairer. and less prone to abuse now you know what is the difference between the effective tax rate versus the statutory tax rate that comes up a lot and if you're on line between. well the one is very easy to understand the other is very hard to understand the statutory rate is the rate that you see written in the in the statute in the tax laws so in the united states that's thirty five percent in ireland it's twelve point five percent however we all know that. nobody is going to pay thirty five percent o
is no reason to tax corporate profits at a double doubly they're taxed once at the corporate level and then they are also taxed again when the corporate shareholders receive their dividends and so everybody acknowledges that this is every economist acknowledges that this is a very inefficient system and it's the first thing we should do to improve. economic growth is to get rid of this however politically it's just a nonstarter and so what we're trying to do is trying to think of ways given the...
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foreign managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax grab the two thousand staff and today having for marching markets especially the bric countries who are collectively at times to challenge the economic supremacy of the developed world our guest today believes that the world's fascination with brakes will be short sleeves and in fact is almost over but it doesn't necessarily mean the end of the rise of the rest well to discuss that i'm now joined by richard sharma who leads the emerging market team at morgan stanley mr sharma's think you very much for your time now if you break out nations took the world by storm and became a best seller almost overnight but i think one of the. why it was such a success is because people tend to react to it in a very emotional and almost political way some people in the brics countries too good as in your prediction of the almost immediate demise and some people in the west took it as a promise of that almost immediate recovery but i guess you didn't mean either of that's right i think my point was to
foreign managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax grab the two thousand staff and today having for marching markets especially the bric countries who are collectively at times to challenge the economic supremacy of the developed world our guest today believes that the world's fascination with brakes will be short sleeves and in fact is almost over but it doesn't necessarily mean the end of the rise of the rest well to discuss that i'm now...
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chinese and indians and russians and brazilians and the rest of the world taking died jobs taking that taxes they can die a petunia t. opportunities for growth and so on so ultimately you know you are arguing against that but on some level but also on some other level you are sort of a neighboring that thinking as well because they are very positive on the united states and you also say that the existing infrastructure that again in my view favor of the developed world for quite some time is not going to change yet you know but what i sort of i would really issue with as you point out is lumping countries together and so therefore i thought this brick makes no sense because this i couldn't give into being a decade ago again it was the creation. you heard in the united states it got popular as well that he would just putting together for countries that had very little in common these four countries are the large developing economies and the this i couldn't became very popular because the last decade every single emerging market boom so putting any acronym together walked and i think that now
chinese and indians and russians and brazilians and the rest of the world taking died jobs taking that taxes they can die a petunia t. opportunities for growth and so on so ultimately you know you are arguing against that but on some level but also on some other level you are sort of a neighboring that thinking as well because they are very positive on the united states and you also say that the existing infrastructure that again in my view favor of the developed world for quite some time is...
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foreign managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax grab the two thousand staff and today having for marching markets especially the bric countries who collectively attempt to challenge the economic supremacy of the developed world our guest today believes that the world fascination with breaks will be short leave them in fact is almost over but it doesn't necessarily mean the end of their rise of the rest well to discuss that i'm now joined by richard sharma who leads the emerging market team at morgan stanley mr sharma thank you very much for your time now if you break out nations took the world by storm it became a bestseller almost overnight but i think one of the reasons why it was such a success is because people tend to react to it in a very emotional and almost political way some people in the brics countries to get as your prediction of the almost immediate demise and some people in the west who could as a. promise of that almost immediate recovery but i guess you didn't mean either of that right i think my point was to sort o
foreign managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax grab the two thousand staff and today having for marching markets especially the bric countries who collectively attempt to challenge the economic supremacy of the developed world our guest today believes that the world fascination with breaks will be short leave them in fact is almost over but it doesn't necessarily mean the end of their rise of the rest well to discuss that i'm now joined...
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all that all about money and i'm actually sick for a politician writing the laws and regulations to tax bankers. there's just too much is a society. that. are you willing to pay more for safety well late last week the federal reserve seemed to say yes when it proposed a new set of capital requirements now the idea behind the guidelines that's the big question is to make sure u.s. banks hold onto at least thirty days of liquid assets that can be easily sold federal reserve chairman ben bernanke has said that it would quote if he coverage ratio would act as a question for the banks who would be able to survive a credit squeeze without government needing to step in and bail them out like last time now the proposal is based on an agreement from the balance of committee on banking supervision but it's tougher than basel and will force u.s. banks to meet standards two years ahead of their foreign counterparts now sticking around to discuss this more than tobacco you can do much more than tobacco alex let's let's talk about liquidity liquidity issues first i want to ask you is in a deviation f
all that all about money and i'm actually sick for a politician writing the laws and regulations to tax bankers. there's just too much is a society. that. are you willing to pay more for safety well late last week the federal reserve seemed to say yes when it proposed a new set of capital requirements now the idea behind the guidelines that's the big question is to make sure u.s. banks hold onto at least thirty days of liquid assets that can be easily sold federal reserve chairman ben bernanke...
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to make it work clients set up wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing fees the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or the euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all plain sailing last month the f.b.i. shut down the online black market silk road seizing nearly thirty million dollars worth of bitcoins michael dementor from big coin exchange says the store of vancouver told from the store in vancouver i should say well he told us what impact this may have on the digital currency gaining public credibility. but i think it definitely has the potential to be revolutionary it basically gets your cash into a digital form where you can send it around the world instantly with no middleman we've got any money laundering policy in place where we live it users to three thousand dollars per day every transaction you
to make it work clients set up wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing fees the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or the euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all plain sailing last month the f.b.i. shut down...
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stop tapering you have to take a taking a step back and our research team will focus on issues like tax policy deficit macro drivers in addition to some sectors specific work we talked about tobacco health care financial services energy utilities all falls under that but of course when it comes to fed and interest rates whether it's the fed as a regulatory body looking at bank capital requirements or the fed of course driving monetary policy matters to investors in a matters to us of height definitely part of our research mandate when we think about the fed's taper policy what the fed learned this year is talking about tapering let alone tapering is tightening and the market and the market reacted. most participants were surprised at the lack of taper after the open market committee september meeting so you mention that target unemployment rate point five unemployment and there's all these different tiers of how you can measure unemployment as well i believe there are seven different tiers to nine different years of unemployment why six point five so hides market strategist steve east w
stop tapering you have to take a taking a step back and our research team will focus on issues like tax policy deficit macro drivers in addition to some sectors specific work we talked about tobacco health care financial services energy utilities all falls under that but of course when it comes to fed and interest rates whether it's the fed as a regulatory body looking at bank capital requirements or the fed of course driving monetary policy matters to investors in a matters to us of height...
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the french government roads eco taxes hit a nerve with the public as thousands hit the streets calling for it to be scrapped immediately. thanks region of the tiny has been rocked by protests which turn violent police used tear gas and water cannons to disperse angry crowds for ling rocks and bottles in response the eco tax imposes levies on trucks weighing more than three and a half tons but it's been suspended amid concerns that it could drive companies out of business. the silent protest has been held outside the russian embassy in london in support of a documentary maker arrested along with thirty greenpeace activists two demonstrators went inside the building to speak to russian representatives here on brian was filming the greenpeace attempt to board a russian oil rig in the arctic ocean in september said the protests pose a threat to the crew and all involved are waiting to stand charges stand trial on charges i should say with. now rare sight is being seen across skies. in skies i should say across the world a hybrid solar eclipse is what this is when the moon blocks the sun ei
the french government roads eco taxes hit a nerve with the public as thousands hit the streets calling for it to be scrapped immediately. thanks region of the tiny has been rocked by protests which turn violent police used tear gas and water cannons to disperse angry crowds for ling rocks and bottles in response the eco tax imposes levies on trucks weighing more than three and a half tons but it's been suspended amid concerns that it could drive companies out of business. the silent protest has...
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used tear gas and water cannons to disperse angry crowds hurling rocks and bottles in response eco tax imposes levies on trucks weighing more than three and a half tons has been suspended amid concerns that it could drive companies out of business. a man suspected of carrying out a gun attack at los angeles international airport has been tarnished with murder prosecutors say the death penalty could be sought for paul c.n.c. a stronger terminal on friday killed a security guard and wounded several others the airport is operating normally again after more than a thousand flights were delayed or canceled. in northern yemen four days of conflict between rival muslim clowns have killed fifty five people that's according to a spokesman of one of the groups earlier in the week she rebels attacked the town of demolished which is held by their rivals the country's army said a ceasefire came into effect friday yet bloodshed. on a visit to egypt u.s. secretary of state said america will continue to provide assistance to fight terrorism the aid had been cut in the wake of egypt's military crackdow
used tear gas and water cannons to disperse angry crowds hurling rocks and bottles in response eco tax imposes levies on trucks weighing more than three and a half tons has been suspended amid concerns that it could drive companies out of business. a man suspected of carrying out a gun attack at los angeles international airport has been tarnished with murder prosecutors say the death penalty could be sought for paul c.n.c. a stronger terminal on friday killed a security guard and wounded...
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or the middlemen tax agencies all left out reducing fees they're the payment can still be traced next you choose whether to shop online using bitcoins or perhaps to sell them for any other currency such as the dollar or even the euro a bit coins are collected though through a process called mining which is basically a chain of computers cracking codes and getting cohens in exchange but it's not all plain sailing last month the f.b.i. shut down the online black market silk road sealing seizing i should say nearly thirty million dollars worth of bitcoins and my colleague kevin owen spoke about this to mitchell demeter from the bit of corn exchange store in vancouver. i think it definitely has the potential to be revolutionary it basically gets your cash into a digital form where you can send it around the world instantly with no middleman what do the authorities think about it i mean there's an element of course there's been a worry that it's going to be transparent untraceable dodgy dealings could be done with it what are you doing to combat. we've got any money laundering policy in pl
or the middlemen tax agencies all left out reducing fees they're the payment can still be traced next you choose whether to shop online using bitcoins or perhaps to sell them for any other currency such as the dollar or even the euro a bit coins are collected though through a process called mining which is basically a chain of computers cracking codes and getting cohens in exchange but it's not all plain sailing last month the f.b.i. shut down the online black market silk road sealing seizing i...
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assembly is made up of over one hundred ninety countries so far we have twenty one pushing for this tax although we have to say this is just the first stages of this particular project because the committee is going to vote on it by the end of the year and then this text will be taken to the general assembly so we'll see it's likely that more countries will follow and let's go ahead and pull up that map kind of showing some of the countries that you were talking about earlier you had mentioned that there was twenty one of them so you got paraguay or ok on there argentina south africa indonesia india and others now do we know any of the specifics yet when it comes to this draft resolution. well none of the specifics that we know actually have the text here it's very brief may get it's only two and a half pages and we have to say that interesting lee it does not mention the united states and basically does not have a direct mention of the us or the n.s.c. uses very very glad i have to say and really what it does is using the existence major of multilateral international treaties on human
assembly is made up of over one hundred ninety countries so far we have twenty one pushing for this tax although we have to say this is just the first stages of this particular project because the committee is going to vote on it by the end of the year and then this text will be taken to the general assembly so we'll see it's likely that more countries will follow and let's go ahead and pull up that map kind of showing some of the countries that you were talking about earlier you had mentioned...
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tax money they are getting and the important point here is that if you look there's a new survey which has come out today which talks about that american public a large number of american public are now against drone strikes if they are targeting civilians and that is the important point which needs to be told to americans because it is very clear that the u.s. does not care about international law and the argument being put forward on international law issue is not going to be heard but when we bring in the civilian damage and huge number of civilians. who are being killed that will actually bring the point home and hopefully this whole madness will stop it but it's not only got you on the line in one of the previous interviews you talked about north waziristan next to the afghan border you called a concentration camp why do you use those terms. well it's a concentration camp in the sense that the area has been completely cordoned off no one can go in and come out of there is done easily the people of the restaurant are just left to be to be living under drugs and there's nothing. whi
tax money they are getting and the important point here is that if you look there's a new survey which has come out today which talks about that american public a large number of american public are now against drone strikes if they are targeting civilians and that is the important point which needs to be told to americans because it is very clear that the u.s. does not care about international law and the argument being put forward on international law issue is not going to be heard but when...
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it work clients set up web wallets and hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing fees but the payment can still be traced next to you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's all not clear sailing last month the f.b.i. shut down the online blacks market silk road seizing nearly thirty million dollars worth of bitcoins jordan kelly c.e.o. of robocall told us about bitcoins a.t.m. advantages and some of the conveniences of the digital currency. so rubicon was just launched today in downtown vancouver is the easiest way for people to buy and sell bit coy which is really good but that's not the only reason why i think people are really excited we think that rebel coined helps bridge the gap between virtual reality we're told at least bringing big points to the masses you can buy and sell that point it whereas with strange
it work clients set up web wallets and hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing fees but the payment can still be traced next to you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's all not clear sailing last month the f.b.i. shut...
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fund managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax crap the two thousand staff and today having a marching markets especially in the bric countries who are collectively at times to challenge the economic supremacy of the developed world our guest today believes that the world's fascination with brakes will be short sleeved and in fact is almost over but it doesn't necessarily mean the end of the rise of the rest well to discuss that i'm.
fund managers and fashionistas is that preoccupation with chance then i'm just we're all about the tax crap the two thousand staff and today having a marching markets especially in the bric countries who are collectively at times to challenge the economic supremacy of the developed world our guest today believes that the world's fascination with brakes will be short sleeved and in fact is almost over but it doesn't necessarily mean the end of the rise of the rest well to discuss that i'm.
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hundred years since the founding of our republic our economy was built on a system of tariffs small taxes on importing and poor goods these tariffs made american goods cheaper in the united states. protecting american manufacturing and made our country a global superpower american businesses american workers didn't have to compete with cheap products or cheap labor from abroad and so our economy flourished everything worked just fine until the one nine hundred eighty s. and president ronald reagan abandoned the system of tariffs that are worked so well for centuries and ushered in the era of so-called free trade every president since including democrats like bill clinton and republicans like george w. bush have followed reagan's lead signing of free trade deals like nafta a cafe shaft of a whole bunch of these deals are supposed to grow the economy but instead they have decimated its industrial base its most productive source of wealth as a result the united states is now what economy in crisis is calling a service or servant economy. in most parts of the country factory jobs have been re
hundred years since the founding of our republic our economy was built on a system of tariffs small taxes on importing and poor goods these tariffs made american goods cheaper in the united states. protecting american manufacturing and made our country a global superpower american businesses american workers didn't have to compete with cheap products or cheap labor from abroad and so our economy flourished everything worked just fine until the one nine hundred eighty s. and president ronald...
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make it work clients set up web wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out of the process reducing fees but the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all clear sailing last month the f.b.i. shut down the online black market silk road seizing nearly thirty million dollars worth of bitcoins jeffrey albert tucker from the foundation for economic education calls the currencies rise simply spectacular. a year ago this time i thought it was insane i mean i thought well this is just another technology you know they come along every few days and they flame out so i'm a fairly recent convert the more i look into the more confident i get into the future of the monetary system is crude talk of free and this kind of crypto market based currency it's quite spectacular and i tell you it only
make it work clients set up web wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out of the process reducing fees but the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all clear sailing last month the...
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french region of brittany saw violent clashes between protesters and security forces over proposed eco tax it was due to come into force in two thousand and fourteen and was to be applied to transport vehicles delivering goods around the country but later indefinitely suspended but public anger continued with demonstrators calling for it to be an old altogether similar violent protest last week saw two people seriously hurt. police some in shake alley solomon head of the main opposition faction in bahrain for questioning the authorities provided no specific reason for the move yet and have been strongly condemned by solomons party an arrest has been seen in the nation since two thousand and eleven with frequent protests demanding political reforms and establishment of a constitutional monarchy. finally in the news bloc france has issued a rabies warning after a kitten died of the disease that can be fatal to humans no known treatment for no known treatment to cure the infection once it's taken hold european health officials working hard to prevent further outbreaks but in the u.k. the gove
french region of brittany saw violent clashes between protesters and security forces over proposed eco tax it was due to come into force in two thousand and fourteen and was to be applied to transport vehicles delivering goods around the country but later indefinitely suspended but public anger continued with demonstrators calling for it to be an old altogether similar violent protest last week saw two people seriously hurt. police some in shake alley solomon head of the main opposition faction...
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work clients set up their web wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing the fees but the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all smooth sailing last month the f.b.i. shut down the online black market silk road seizing nearly thirty million dollars worth of bitcoins michel demeter from the bitcoin exchanges store in vancouver told us what impact this may have on the digital currency gaining public credibility. i think it definitely has the potential to be revolutionary it basically gets your cash into a digital form where you can send it around the world instantly with no middleman we've got any money laundering policy in place where we limit users to three thousand dollars per day every transaction you make is be recorded on a public ledger your name isn't it but
work clients set up their web wallets hiding their names behind a digital code banks middlemen and tax agencies are all left out reducing the fees but the payment can still be traced next you choose whether to shop online using bitcoins or sell them for any physical currency such as the dollar or euro coins are collected through a process called mining which is basically a chain of computers cracking codes and getting coins in exchange but it's not all smooth sailing last month the f.b.i. shut...